Thursday February 25, 2021
Bitcoin (BTC) $50,942.00   Ether (ETH) $1,656.32
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Blockchain Technology

aelf testnet results shows potential of blockchain 3.0 enterprise network

Published by CryptoNinjas.net
08/08/2018
aelf testnet results shows potential of blockchain 3.0 enterprise network

aelf, a multi-chain network and blockchain for business today released its anticipated testnet results, following a successful launch that lay the groundwork for customizable, blockchain-based commercial solutions.

The initial testnet achieved 15,000 transactions per second (TPS), which is an important development in the commercialized application of public chains.

The results highlighted three key differentiators to both 2.0 and 3.0 networks already developed and in development: Speed, scalability, and replicability of the testnet.

“These results are not only a cause for celebration for aelf and its community but also a promising sign for enterprises looking to integrate blockchain into their commercial practices. Addressing scalability has been the most hotly-debated issue in the blockchain industry for the past 12 months, and running a testnet that successfully demonstrates the viability of parallel processing, and the speed and volume at which a network can handle thousands of transactions, is one of the most exciting developments we have witnessed this year.”

Zhuling Chen, Co-founder of aelf

The testnet is a key milestone that showcases the progress in aelf’s plan to promote commercial adoption of blockchain before the launch of its mainnet in Q1 2019, when enterprise-focused blockchain projects will be able to fully function and customize their own solutions on aelf.

“aelf’s superior design and plans for its technology drew me to the project in its early days. The outstanding, preliminary results of its testnet only strengthen my belief in aelf as a blockchain-for-business trailblazer in a very noisy space.”

aelf advisor, and TechCrunch and Arrington XRP Capital Founder, Michael Arrington

All codes, environments, and procedures are available on GitHub for the public to test and replicate the results, representing a further key difference in the way aelf ran the testnet.

Chen added: “This is an exciting first step for the aelf network as a whole. Parallel processing coupled with the cluster nodes is one of the core components for our system that differentiates our approach to scalability and high performance from others. One of the most fundamental values of aelf is its ability to continue to scale in performance just by adding more computers to each node without having to upgrade the pre-existing hardware. There is much more room for us to optimize and increase the performance of the network in the future. I believe what we revealed today is the demonstration of this very potential. Our next step is to work with the community to test end-to-end performance with all the other components of our blockchain.”

 

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Amaten ælf
Blockchain Technology

Japan’s Amaten partners with aelf to launch blockchain gift card marketplace

08/20/2019
aelf token can now be used in upcoming virtual real estate auction of Decentraland
Token Offerings/Listings

aelf token can now be used in upcoming virtual real estate auction of Decentraland

12/10/2018
aelf and Dubai’s Connect Global Strategies partner for business blockchain adoption
Blockchain Technology

aelf and Dubai’s Connect Global Strategies partner for business blockchain adoption

11/13/2018
aelf adds first tech heavyweights to all-star blockchain Innovation Alliance
Blockchain Technology

aelf adds first tech heavyweights to all-star blockchain Innovation Alliance

06/26/2018
aelf forms Innovation Alliance to accelerate blockchain for business
Blockchain Technology

aelf forms Innovation Alliance to accelerate blockchain for business

05/03/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Bitcoin Suisse increases depositor bank guarantee to CHF 110M

Bitcoin Suisse increases depositor bank guarantee to CHF 110M

02/23/2021
Amber Group boosts its crypto trading infrastructure security with AnChain.AI

Amber Group boosts its crypto trading infrastructure security with AnChain.AI

02/23/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Tatum helps donation-based betting app Fandona complete its blockchain MVP

Tatum helps donation-based betting app Fandona complete its blockchain MVP

02/24/2021
Modulus launches blockchain-as-a-service platform for product authenticity & tracking

Modulus launches blockchain-as-a-service platform for product authenticity & tracking

02/24/2021
BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

02/24/2021
Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

02/24/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version